Indian unicorns sing like canaries. India is a few months ahead of the USA when it comes to dealing with the fall-out of easy money as its once highly sought after “unicorns” are scrambling to conserve cash sending a clear sign of what is to come next in the ongoing SPAC crash. 44 companies in India managed to achieve a...
FAW may signal the end of the worst. Didi is in real trouble but the addition of a large, state-backed vehicle maker as a shareholder could help the company mend its fences with the state which still remains incentivised to see Didi go out of business. Didi’s shareholders have voted to delist the company from NYSE and with no immediate...
Sony finally makes sense When Sony launched its prototype Vision-S EV at CES 2022 it looked like a bad case of FOMO (fear of missing out) but it has become clear that the real aim is to be a lead vendor of sensors for EVs which makes much more sense. As many companies are finding out (see here), making cars...
Half out of the woods Alibaba reported good FQ4 2022 results and ended the worst year in its history on a high note but then went on to suspend its guidance as a result of the zero Covid policy in China which is playing merry hell with the economy. FQ4 22 revenues / EBIT were RMB204bn / RMB16.7bn nicely ahead...
Small misses pressure multiples again Nvidia reported good FQ1 2023 results but the market is so sensitive to high-multiple stocks that the shares fell 10% due to weak guidance that was entirely due to China and Russia. FQ1 2023 revenues / adj-EPS were $8.3bn / $1.36 ahead of consensus at $8.1bn / $1.29 but guidance caused worries. China’s zero-Covid policy...
Microsoft goes back to basics. Microsoft is taking its developer conference back to its roots and focusing its time on things that actually matter to developers rather than using it as a platform to launch new products and features. However, it was very quiet on the Metaverse which will only lead to further speculation that its Metaverse effort is in...
Crunch looks to be limited to Snap. Snap has warned that growth will be slower than expected when it gave its Q2 2022 guidance just one month ago highlighting internal weaknesses as its competitors saw this coming and called it out at their results last month. On April 21st 2022, Snap said that it expected that Q2 22 revenues would...
Apple will be hoping that the Metaverse goes nowhere. Apple has no choice but to go all-in on the Metaverse because if the Metaverse does replace the smartphone and Apple does not have a compelling offering, then it will suffer a similar fate to Nokia between 2007 and 2015. As things are today, the smartphone is the centre of the...
China throws a spanner in the works of both Tencent and Cisco. Tencent Q1 2022 Tencent reported weak results as growth evaporated leaving the company waiting for both the end of Covid-zero and the regulatory crackdown before it can see growth once again. Q1 2022 revenues / net income were RMB135.5bn / RMB23.4bn behind estimates of RMB141.5bn / RMB26.4bn. This...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Meta Platforms – Change of the guard
The cash register retires. Meta Platform’s most important executive has decided to retire leaving some very big shoes to fill by Javier Olivan who has been responsible for building the international user base. Sheryl Sandberg, COO of Meta Platform is retiring to pursue philanthropy after 14 years at the company and there is no reason to think that her retirement...